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When I've applied for a mortgage and things they've always just looked at my income not my employment. Like most people I've got multiple little incomes and you
by chrisseaton 5y ago
When I've applied for a mortgage and things they've always just looked at my income not my employment. Like most people I've got multiple little incomes and you need to consider them all.
- Balero 5y agoIn the UK they looked at employment first, and some sort of secondary income separately. > Like most people I've got multiple little incomes and you need to consider them all. I was also a little skeptical about your usage of most here, but wasn't sure if that was because I am in a bubble. For the UK it looks like about 4% of people are in second jobs. Do you think this differs where you are? - Workers with second jobs UK: https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/timeseries/ycbw https://www.ons.gov.uk/employmentandlabourmarket/peopleinwor... - Number of workers UK: https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/uklabourmarket/november2021 https://www.ons.gov.uk/employmentandlabourmarket/peopleinwor...
- deleted 5y ago[deleted]
- sdze 5y agoSame here in Germany. They even check employment duration.
- PopAlongKid 5y agoIn the U.S., if you can produce one or more W-2 tax forms (annual report of wages paid) adding up to about a full-time job, the banks check it off their list and move on to the next item. However if you are self-employed, they want multiple year copies of your detail business income tax form, and letters from your accountant or tax preparer stating that your business is profitable, viable in the future, etc (which is just the banks trying to meaninglessly off-load some of their risk to a 3rd party).